Trump says OPEC+ planning to cut production by 20 million bpd

Trump says OPEC+ planning to cut production by 20 million bpd

Channel NewsAsia - World·2020-04-13 23:58

Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud (right), chairing the virtual extraordinary meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC countries. SPA/AFP

WASHINGTON: Top global oil producers are considering cutting production by 20 million barrels per day under the terms of a deal to boost prices, US President Donald Trump said on Monday (Apr 13).

Trump, who took credit for brokering the deal, said the agreement was bigger than expected and will help the energy industry recover from the impact of the coronavirus pandemic.

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